Awesome Oscillator
MomentumOwn panel belowThe gap between a short and a long average, drawn as bars.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It is the 5-period minus 34-period average of bar midpoints. Above zero the short view leads, and the change of bar colour marks where that force grew or shrank.
Where it misleads
The periods are fixed, so switching timeframe changes what it means.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Accelerator OscillatorWhether the Awesome Oscillator itself is speeding up or slowing down.
- TRIXThe rate of change of a triple-smoothed average.
- True Strength IndexPrice change smoothed twice to measure the strength of direction.
- Price Oscillator (PPO)MACD expressed as a percentage.
- Detrended Price OscillatorPrice with the broad trend removed, leaving only the cycle.
- Chande Momentum (CMO)The sum of up days set directly against the sum of down days.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.